Business and Personal Finance © 2007

Unit 4: Protecting Your Finances

BusinessWeek Finance File

Analyze Retirement Options

Norton Moser is about to retire. He has worked for ABC Trucking since he was 23. He is now 65 years old. For 42 years, Norton has been accumulating money in his 401(k) plan, which now totals $750,129. Norton wants to retire and live on the money. Write a plan for Norton that advises him of how to invest the money to assure him of a comfortable lifestyle in his retirement. Include his best options-such as rollover IRAs, annuities, mutual funds, CDs, stocks, or bonds-and explain why you chose your plan.